Colfax Acquires the Baric Group
Sunday, August 22, 2010
Colfax Corp. has acquired Baric Group. Headquartered in
Morpeth, U.K., Baric is a supplier of highly engineered fluid-handling systems
primarily for lubrication applications in the oil & gas, petrochemical and
power generation markets. Annual pro forma sales for 2010 are projected to be
about 14 million pounds Sterling and current backlog, which has been
increasing, is about 28 million pounds Sterling. Colfax expects the transaction
to be accretive over the next 12 months. More…
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